Global Economic And Financial Crisis Essay - 840 Words

The acceleration of overall economic growth over the past decade (until the onset of the global economic and financial crisis) has been accompanied by a significant acceleration in the growth of credit in the economy. This broad trend suggests that high economic growth has been accompanied by financial deepening. However, despite such expansion of the financial sector, increasing concern has been expressed on financial inclusion in recent years (Mohan, 2012)1. One of the key feature of financial deepening is that it accelerates economic growth through the expansion of access to those who do not have adequate finance themselves (ibid. 2012)2; and among all those who do not have finance, the farming community in the agricultural sector has been the most prominent one in all the developing countries in general and India in particular. Agriculture is an indispensable reality for promoting livelihood for the majority of the population in developing countries and the fact is that agricultural growth is a fundamental pre-requisite for widespread poverty reduction in developing countries. It plays a crucial and a multidimensional role in the development process. In addition to its role of providing livelihood, agriculture also plays a paramount role in promoting economic growth through production and consumption linkages by generating export earnings, labour, capital and domestic demand to support growth in other sectors (Johnston Show MoreRelatedGlobal Economic And Financial Crisis2519 Words   |  11 PagesMany lessons were learned from the aftermath of 2008 global economic and financial crisis. One of them was the effect that foreign direct investments (FDI) had on the global economy, particularly on developing countries. By definition, an FDI is an â€Å"investment that involves some ownership and/or operating control. The foreign residents are usually multinational corporations (MNCs)† (Cohn 412). The market crash drastically altered the nature of FDI. After consistent growth between 2003 and 2007, investmentsRead MoreFinancial Crises And Its Effects On Global Economic Crisis1068 Words   |  5 PagesThe 2007-2008 Financial Crisis- Its Causes and the Involvement of the FED The financial crises that occurred in 2007-2008 had such a big impact on the world that it is now considered a global financial crisis (GFC) or global economic crisis. It is commonly believed that it began in July 2007 with the credit crunch; U.S. investors lost trust in the value of subprime mortgages which caused a liquidity crisis. This had the effect that the U.S. Federal Bank injected a large amount of capital into theRead MoreGlobal Financial Crisis And Its Impact On Economic Policy And Outcomes1402 Words   |  6 PagesFinancialisation is the process in which financial institutions/markets increase in size and gain greater influence over economic policy and outcomes (Palley, 2007).Another link to financialisation is high degree of leverage. This is because with leverage, you can get a loan for 9/10s of the money, so you only need a small portion, and you are able to make lots of profit. Leverage is linked to financialisation in a sense that if it works, you get lots of profit with a working system, however if itRead MoreImpact Of The Economic Disruptions Caused By The Global Financial Crisis Essay1266 Words   |  6 Pagesfrom 2007 to 2009 to ensure inclusion of the effects of the economic disruption caused by the global financial crisis in their study of SCRM and resilience. Academic studies follow significant events. For instance, peaks in published scholarly journal articles on SCRM occurred following disruptions, in 2004 following 9-11 and again in 2009 following the global recession (Ghadge et al., 2012). Data required for variables Company financial information from annual reports will deliver required data toRead MoreEssay on The Impact of the Global Financial Crisis on Economic Growth4072 Words   |  17 PagesEconomic growth The impact of the Global Financial Crisis on economic growth As a result of the global recession, Australia’s GDP was forecasted to contract by 0.5% in 2009-10 in comparison to other advanced economies which were expected to contract by 3.75% in the same year. However minor the reductions in GDP, it was evident that Australia was not exempt from the global recession although is better placed and is expected to perform better than almost all other OECD economies. The global recessionRead MoreNarrative Interview : The Global Economic Climate During The 2008 Global Financial Crisis ( Gfc )1083 Words   |  5 Pagesfather, James Trainor as the ideal candidate to provide a comprehensive recount of the global economic climate during the 2008 Global Financial Crisis (GFC). And how his experiences of economic fluctuations and policies during the GFC changed his perspectives and understandings of macroeconomic decisions, as well as their effects on the modern world. At the time of the Global Financial Crisis, James was the Global Head of Employ ment Tax for the Macquarie Group, one of Australia’s largest investmentRead MoreGlobal Financial Crisis : A Social And Economic System Driven By Network Technologies3327 Words   |  14 PagesRachel Botsman, defines collaborative consumption as â€Å"a social and economic system driven by network technologies that enable the sharing and exchange of assets from spaces to skills to cars in ways and on a scale never possible before† (2012). In this peer economy access is as convenient as ownership, which is attractive to many for economic, environmental, and lifestyle reasons. In the aftermath of the global financial crisis, hundreds of companies have been founded to facilitate peer-to-peerRead MoreThe Problem Of Global Financial Crisis1122 Words   |  5 Pagesreceivables and other financial assets are pooled together, with their cash flows or economic values redirected support payments on related securities.† â€Å"Securitization first emerged in the 1970s with the sale of securities backed by residential mortIn the 21st century, economic problems have incurred an increasing number of people s attention as the economic develop rapidly, and these problems are usually caused by human themselves. For instance, the occurrence of Global Financial Crisis (GFC) in 2007Read MoreThe Global Financial Crisis Of Broward College920 Words   |  4 PagesResearch Paper: The Global Financial Crisis Michelle Beira Broward College There have been few financial crises in the United States. The Global Financial Crisis of 2008 to 2009 was the most recent and before that was The Great Depression of the 1930s. The Global Financial Crisis actually began in 2007 when prices of homes tanked. It not only affected the U.S. but it also affected economies overseas. The entire investment banking industry, some of the biggest insurance companies, enterprisesRead MoreFinancial Crisis Of A Single Country1671 Words   |  7 Pages Table of Contents Summary 2 Financial crisis 3 Impact of financial crisis 4 Effect of financial crisis on different on the economies of different countries 5 Mathematical problems 6 Conclusiom 8 References ..................................................................................................................................................9 Summary Financial crisis has long been a part of global economic recession throughout the history. Here, the purpose of this assignment

Is Nursing A Profession - 1153 Words

Is Nursing A Profession? Prentella Wilkerson University of Alabama at Birmingham Is Nursing a Profession? A pronounced dispute still stands of whether a job of a nurse can be considered a profession or an occupation. Merriam-Webster s Medical Dictionary defines a profession as a â€Å"calling requiring specialized knowledge and often long and intensive academic preparation† (Profession, 2013). Merriam-Webster s Medical Dictionary defines an occupation as â€Å"a practice preformed with financial compensation† (Occupation, 2013). An occupation can be filled by a professional or an amateur; however, an amateur could hardly be named as a professional. Distinguished characteristics define a professional as they are able to master a skill†¦show more content†¦For example, an idol of the nursing profession ,Florence Nightingale, pronounced nursing to be expecially meaningful as it was a profession of a divine calling to do God s work (Florence Nightingale Museum, 2012). By applying their compassion, knowledge, and expertise the nurse has the capacity to transform and imact someone’s life. From birth tothe moments in the end of life, nurses are amongst the first and last people an individual can cross paths with.. Opportunity to create trusting and confiding relationships between themselves and the patients develop during regular life instances.When a patients acknowledge that you made a difference in their lives, one can only believe that this is more than an occupation(Blais and Hayes 2011).. In a professional position,nurses can reflect on their calling in life by providing quality care and bear witness to postive patient outcomes. Code of Ethics Every professional position creates a code of ethics in which they are conducted to follow to maintain appropriate relationships between themselves and clients (Blais Hayes, 2011). In the registered nurse field of work it does not differ in the position that you have, everyone from all domains are guided by the code of ethics. It is the foundation for anyone, including management, education, administration, or in the frontline with direct patient care (Vogel, 2011).The American Nurses

Importance of Financial Reporting

Question: Describe about the Importance of Financial Reporting? Answer: I expected the course on financial reporting to be a challenging one considering the reviews from seniors particularly because I had limited exposure to a background in the subject. However, considering the importance of financial reporting as an academic discipline and the crucial role it could play in my career, I decided to approach this subject with a lot of interest. An initial couple of lectures were fine in their content, and I would fairly understand the proceedings in the lecture. I also went through the additional learning materials provided to supplement the understanding and this approach was immensely helpful in the first couple of weeks. However, the topic on lease accounting was particularly difficult even though in the lecture it seemed like a topic that is not that difficult as the classification between operational and finance lease were driven by certain core principles. But, the practical application of these concepts was particularly problematic which was compoun ded with the addition of the relevant entries in the books of account of lessor and lessee. I really got panicked and referred to all the relevant material available on the online portal. Despite going through the tutorials, I faced a plethora of doubts and had to take help from my fellow students who were more comfortable with the subject. This helped me immensely to develop an understanding of the lease accounting and also made it evident that the only way to excel in the course is to enhance the fundamental understanding of the concepts rather than mugging up as it is not advisable since the essence does not lie in knowing the relevant accounting standards but in their application in real time. As a result, to enhance my understanding of subject, I started going through the content to be taught in the next lecture beforehand. This was immensely helpful especially with regards to complex topics particularly regarding business combinations where most of my classmates faced severe problems. However, I was able to manage that without much issue. Additionally, group study was also immensely helpful in clarification of the concepts since various doubts were raised that e nhanced the overall clarity of the topic. However, one issue that was faced was with regards to the practical examples and application based problems that were limited. Ideally, for complex topics such as lease, business combinations more time should have been devoted to precise application especially considering my kinaesthetic learning style whereby I tend to focus more on case study methodology. I aim to extend the learning during the course to my future professional endeavours by focusing more on concept clarity as it provides a solid foundation on which additional knowledge could be gained with relative ease. Without concept clarity, additional efforts are largely unproductive. Hence, during my professional career, I intend to emphasise on various training for conceptual clarity along with peer to peer learning on the job. Further, it may be recommended that more focus in the course should be given to the application of accounting norms using case study pedagogy along with more doubt clearing sessions to enable the weaker students to cope up in a better manner.